OFF MARKET

25 Ginger Street
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 601m2
Land area: 909m2
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Property Details for 25 Ginger St, Paget

Building Type
Commercial
Floor Size
601m2
Land Size
909m2
Local Government
Mackay Regional
Lot/Plan
24/SP105596

Last Listing description (September 2023)

MULTI-TENANTED Commercial Investment Property - Industrial Warehouse Paget Mackay

Mackay City Property Commercial are pleased to present to the market this multi-tenanted investment opportunity consisting of two Industrial Units located at 25 Ginger Street, Paget QLD 4740.

Key features as outlined below:

NET RENTAL INCOME $99,756 pa* - Leases 5y ending in 2026 + Option of 5y - Annual Increase by CPI
Building GFA 600 m2*
Tenancy 1 of 250 m2*- leased to Coal Services Group (Mines Rescue pl t/a CMTS)
Tenancy 2 of 350 m2*- leased to SRG Global Asset Care Pty Ltd (ALS Industrial)
Both, large corporations & long-term tenants of 13+ years
Land Area 909 m2* in a corner location, with dual access
Located in Paget premier industrial precinct and only a stone's throw from Mackay Airport

Expressions of Interest Closing Tuesday 18 July 2023 at 4pm (AEST)

Contact the marketing agent to request an Information Memorandum.

Disclaimer:
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.

Property History for 25 Ginger St, Paget, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$1,340,000
11 Jul 2023
  • 11 Jul 2023
    Sold for $1,340,000
  • 14 Jun 2023
    Listed for Sale Information Memorandum Available
  • 06 Dec 2011
    Listed for Sale $1,190,000
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About Paget 4740

The size of Paget is approximately 14.1 square kilometres. It has 11 parks covering nearly 6% of total area. The population of Paget in 2011 was 360 people. By 2016 the population was 291 showing a population decline of 19.2% in the area during that time. The predominant age group in Paget is 50-59 years. Households in Paget are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paget work in a machinery operators and drivers occupation. In 2011, 62.4% of the homes in Paget were owner-occupied compared with 44.6% in 2016.

Paget has 879 properties. Over the last 5 years, Houses in Paget have seen a 61.76% increase in median value, while Units have seen a 137.26% increase. As at 31 October 2024:

  • The median value for Houses in Paget is $494,065 while the median value for Units is $398,578.
  • Houses have a median rent of $48,000 while Units have a median rent of $420.
There are currently 6 properties listed for sale, and no properties listed for rent in Paget on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Paget.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.